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Crypto in Latvia
Latvijas Banka authorises crypto-asset service providers under MiCA and publishes information about authorised participants.
Explore 3 mapped organizationsOfficial source for regulatory status: Latvijas Banka: MiCA authorisation requirements for crypto-asset service providers (supports: regulatory status, regulatory framework)
Local review · 2026-08-17
Next review: 2026-11-17
International virtual-asset standards, crypto tax reporting framework, and adoption methodology. Local rules can change; verify with the relevant authority before acting.
Tax
- State Revenue Service: individual transactions in crypto assets, updated 18 May 2026 (supports: tax treatment, tax brackets, deductions, filing deadline)
Regulation
- Latvijas Banka: MiCA authorisation requirements for crypto-asset service providers (supports: regulatory status, regulatory framework)
Verify a provider
Adoption
- European Central Bank: 7.7% of Latvian respondents reported crypto-asset possession, SPACE 2024 Chart 41 (supports: adoption percentage)
A register helps verify the named entity and stated activity. It does not validate every asset, product, or risk.
Official adoption figures are shown with their linked source.
150K+Users / investorsEstimate
7.7% of respondents (ECB SPACE, 2024)Adoption
$60M+ anualP2P Vol.Estimate
Top 35 GlobalRankEstimate
Source by figure: adoption: European Central Bank: 7.7% of Latvian respondents reported crypto-asset possession, SPACE 2024 Chart 41
Blue figures are older estimates without a verifiable official source: they are shown as context, not official data, and are not used to rank or score countries.
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Latvia
Europe · EUR
RegulatedRegulatory status
150K+ (est.)Users / investors
7.7% of respondents (ECB SPACE, 2024)Adoption
BlockBen SIATop Exchange
VerifyMax Tax
VerifyCrypto Spots
Highlight
A MiCA authorisation covers specific services: verify Latvijas Banka's register before acting.
Regulatory Framework
Latvijas Banka requires MiCA authorisation for a legal person to provide crypto-asset services professionally. Authorisation is obtained before starting activity and covers the specific services listed, such as custody, platforms, exchange, order execution, advice, portfolio management, or transfers. A home-member-state authorisation may permit cross-border activity through MiCA's notification mechanism. Always verify the entity and services published by the regulator.
Official source for this framework: Latvijas Banka: MiCA authorisation requirements for crypto-asset service providers (supports: regulatory status, regulatory framework)
Available Exchanges
B
BlockBen SIAMiCA-licensed crypto-asset provider published by Latvijas Banka; check current services.
N
Nodu Digital, SIAProvider with an authorisation published by Latvijas Banka; check current services.
How to Buy Crypto
1
Check the linked official regulatory register or portal before choosing a provider.
2
Confirm tax treatment with the linked official guidance and a local professional where appropriate.
Crypto Taxes
Crypto-asset capital-gains income (25.5%)
Deductible
The State Revenue Service calculates income as the difference between purchase and sale price. Keep records of both transactions; we do not extend that formula to other costs without specific guidance.
Source: State Revenue Service: individual transactions in crypto assets, updated 18 May 2026 (supports: tax treatment, tax brackets, deductions, filing deadline)
Deadline
If income from crypto-asset sales exceeds EUR 1,000 in a quarter, file by the 15th of the following month and pay by the 23rd. Confirm other deadlines with the State Revenue Service.
Source: State Revenue Service: individual transactions in crypto assets, updated 18 May 2026 (supports: tax treatment, tax brackets, deductions, filing deadline)
From 2025, the State Revenue Service states a 25.5% rate for individual income from disposing of crypto assets. We do not enable a calculator: the guidance defines the purchase-sale difference but does not replace review of each transaction and return.
Official tax guidance: State Revenue Service: individual transactions in crypto assets, updated 18 May 2026
Comparison: Europe
| Country | Users / investors | Adoption | P2P Vol. | Status | Exchange |
|---|---|---|---|---|---|
| 🇱🇻 LatviaYou | No official figure | 7.7% of respondents (ECB SPACE, 2024) | No official figure | Regulated | BlockBen SIA |
| 🇪🇸 Spain | No official figure | 4.8% holders (2021, Banco de Espana) | No official figure | Regulated | — |
| 🇵🇹 Portugal | No official figure | 12.0% of respondents (ECB SPACE, 2024) | No official figure | Regulated | — |
| 🇩🇪 Germany | No official figure | 6% bought or paid (Bundesbank, 2025) | No official figure | Regulated | — |
| 🇬🇧 United Kingdom | No official figure | 12% holders (2024, FCA) | No official figure | Regulated | — |
| 🇫🇷 France | No official figure | 9% holders (2025) | No official figure | Regulated | — |
| 🇮🇹 Italy | No official figure | 18% of financial decision-makers (CONSOB, 2024) | No official figure | Regulated | — |
| 🇳🇱 Netherlands | No official figure | >20% of investors (AFM, 2025) | No official figure | Regulated | — |
| 🇨🇠Switzerland | No official figure | ~6% of respondents (SNB, 2022) | No official figure | Regulated | — |
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